Montenegro Unemployment Rate - Forecast

Unemployment Rate in Montenegro is expected to be 19.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Montenegro to stand at 18.40 in 12 months time. In the long-term, the Montenegro Unemployment Rate is projected to trend around 16.50 percent in 2020, according to our econometric models.


Montenegro Unemployment Rate
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Montenegro Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 18.83 19.4 19 18.6 18.4 16.5
Employed Persons 184039 184608 183654 183272 183277 183311
Wages 765 772 776 780 782 800
Minimum Wages 288 288 288 288 288 288
Population 0.62 0.61 0.61 0.61 0.61 0.63
Long Term Unemployment Rate 12.9
Wages In Manufacturing 616 647 653 657 660 690